Debt and Debt Consolidation
Debt Cures: Fight Back Against Your Credit Card Company
By Kevin Trudeau
Mar 15, 2008

Kevin Trudeau says it is time to fight fire with fire when combating credit card companies in chapter 7 of Debt Cures.  The lenders are unscrupulous in their tactics, so Trudeau urges consumers to counter attack.  Remember facing down bullies when you were a child, push back and watch them back down.  Debt Cures describes how to fight the good fight.  Once more Trudeau says that lenders by their actions are keeping Americans in debt it is not your spending habits, lenders put you into and debt and do their best to keep you there. 

To be armed for the fight; Trudeau says you must take a realistic look at your present financial state.  When you visit a physician, you expect a proper exam before being told what your sickness is and before hearing the prescription for your recovery.  The same principle applies when discussing your financial health take a realistic look at how you got into the situation, if you know your current financial strengths and weaknesses the better able you will be to fight back.  Trudeau wants you to end your bad debt and begin using good debt to create wealth for you and your family.  You do not need to be bullied around any longer.

Begin the checkup with your credit report and your credit score.  All lenders use your credit report to settle on what they will lend you and more importantly what interest rate they will use.  The higher you can get your score, the better it will be for you.  Always try to avoid bankruptcy; the sting of bankruptcy will hurt your future chances of good credit. 

In the United States there are three major providers of credit reports to lenders.  Each grades you between 300 and 850 points.  As in football, you will want to run up your score whenever possible.  What the three companies are looking for are indications of your financial health.  They will look at how much in debt you are, are you someone who pays their bills on time and other intimate information about your finances.  They are trying to figure out if you are someone capable and willing to pay back the debt.  It is strictly a numbers game; it doesn’t look at anything other than you current or past finances.  While this can be a handy tool for lenders, it is not something that is always fair to the consumer.

Something else to keep in mind regarding your credit report; while you would think that only maybe a handful of people can see your credit report, you might be surprised at how many people can view it.  An employer or a prospective employer can review your credit report, while a landlord or your insurance company can check on you as well.   You have the right to a free copy of your credit report on a yearly basis.  Next up, Trudeau will go into detail on how to read the report, how to raise your score and what to do to get a copy of your report from each of the three companies.  Debt Cures will help you create wealth for yourself and to win the fight against high debt and the lenders.